Key Geophysical Services Market Research Presented for 2022-2031 – Travel Adventure Cinema

The global market for geophysical services for the mineral and mining industry was valued at US$2,121.6 million in 2017 and is projected to grow at a CAGR of 4.4% from 2018 to 2026 according to a new report titled “Geophysical Services Market”. geophysical services for the mineral and mining industry – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2018-2026” by Transparency Market Research (TMR) Mining is the extraction of valuable minerals or other geological materials of the earth. This is usually done from an ore body, lode, vein, lode and reef or placer. The deposits then form a mineralized unit of economic interest for the miner. The increase in mining activities encourages operators to explore geological areas for the presence of minerals. This is driving the market for geophysical services for the mineral and mining industry. ?

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Essential geophysical services for the extraction of metals and precious metals

Geophysical services have been divided into airborne and ground geophysical surveys. Earth geophysical services play a vital role in the exploration of various minerals, hydrocarbon sources, oil and gas reserves, etc. These surveys also help to understand the geophysical conditions of the ground surface and subsoil. The aerial survey captures images using fixed-wing aircraft and helicopters. Newly developed state-of-the-art geophysical services for mineral and mining industry processing provide better reliability with efficient results for the mining industry. Rising investment in mining and exploration is a key factor driving the demand for geophysical services across the globe. Growing demand for precious metals such as gold, platinum, titanium, and silver is expected to increase the demand for geophysical services in the near future.

Rich Global Deposits of Mineral Reserves Propel Demand for Geophysical Services

The mining industry accounts for a significant share of gross domestic product and exports in Russia. Mining of precious metals such as copper, iron ore, lithium, potash, gold and niobium is increasing. This creates opportunities for the geophysical services market for the mining and mining industry in Europe. Countries like Mexico, Brazil, Ecuador and Chile in Latin America have become hotbeds for mining in recent years. In 2017, 305 companies invested US$2.38 billion in the exploration of precious metals and minerals in Latin America. This has boosted the market for geophysical services for the mining and mining industry.

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Regulatory framework and environmental regulations

The United States Environmental Protection Agency (EPA) has proposed a framework such as the National Emission Standards for Hazardous Air Pollutants (NESHAP) for gold ore processing and production facilities to reduce the environmental pollution caused by the harmful effects of excavation. It aims to reduce mercury emissions caused by gold mining.

North America will dominate the market for geophysical services for the mineral and mining industry

Currently, North America is a leading region in terms of the use of geophysical services for minerals and mining. The region forms a significant portion of global geophysical services for the minerals and mining market. The market in the region is expected to grow at a moderate pace over the forecast period. The United States is one of the main producers of coal mining. Coal mining represents 17% of the world’s production of coal deposits. About 1 billion tons of coal are produced each year in the United States. This increases the demand for geophysical services for exploration purposes.

Highly competitive market with dominance of major players

The global market for geophysical services for the mining and mining industry is highly competitive. Major players dominate the market. Major players operating in the market are EON Geosciences, Dawson Geophysical Inc., Geotech Surveys, TGS, Phoenix Geophysics, SEA GEO SURVEYS PVT LTD and Geophysical Survey Systems, Inc.

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Global Market for Geophysical Services for the Mining and Mining Industry, By Technology

  • Magnetic
  • Gradiometry
  • Gravity
  • Electromagnetism
  • LIDAR
  • Hyperspectral
  • ground penetrating radar
  • Induction
  • Resistivity
  • Others (Induced Polarization and Magnetotelluric)

Global Mining and Mining Geophysical Services Market, By Type

  • Aerial survey
  • Land survey

Global Mining and Mining Geophysical Services Market, By Region

  • North America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Norway
    • Russia and CIS
    • The rest of Europe
  • Asia Pacific
    • China
    • India
    • Australia
    • ASEAN
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • Kuwait
    • Qatar
    • Nigeria
    • South Africa
    • Rest of the Middle East and Africa

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